As the cost of living in the U.S. creeps further and further upward, American workers are rethinking how much they’ll need to save for a comfortable retirement. And it’s a lot more than they think they’ll be able to put away.
Those 45 and older say it will take $1.1 million, according to the Schroders 2023 U.S. Retirement Survey, which polled 2,000 American investors earning a median household income of $75,000. Millennials surveyed say their target is $1.3 million.
